Henrry

Henry is 31 years old and he is single. His mainly works as a taxi driver for a Radio Movil company. He has his own car and he works 6 days-a-week. He lives in the southern area of the town of Cochabamba, one of the poorest neighborhood of this town. Henry is still living in his parent’s house; he does not have a garage of his own because his parents’ house has been built on a slope, and for this reason he rents a parking lot every night. His parents’ house is very humble, and he shares a room with his brothers. He contributes to half of the electricity and water expenses. The brand of the car he has bought asks for the highest repair costs; since the car had not been technically checked when he bought it, and as it already shows mechanical flaws due to constant use, he needs to have it repaired; it is for this reason that the loan he is requesting will be used to pay for the maintenance works on and for the general repairs of his car.

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About CIDRE

CIDRE is a Bolivian microfinance institution with a strong social commitment to the community. It works to provide quality financial services to rural and peri-urban borrowers, focusing primarily on agricultural loans for dairy farmers and micro-enterprises. CIDRE targets segments of the population that have not traditionally had access to credit, and invests in much-needed community development projects. It is currently working with coca farmers in the Chapare region to replace coca with less controversial crops. Get more involved by joining the Friends of CIDRE lending team.